Three years after its conception, Phoenix real estate investment firm Pivotal Group is set to re-present its mixed-use project, “The Central Park,” to city officials after a significant strategy shift due to Covid-19 disruptions. Originally focused on providing 850,000 square feet of Class A office space for the tech industry, the firm has now shifted its priority to residential development. The revised project, reduced to 245,000 square feet of office space, will offer nearly 78,000 square feet of retail space and 1,450 residences in a walkable, mixed-use setting across seven buildings. The redesign, which includes a central plaza and various other amenities, comes in response to changing market demands and Phoenix’s ongoing housing crisis.
